Replies to post #11432 on 123Tom's TA study group

[Citrati]

This is going to be an interesting rest of month for QQQ.
Including today it goes gap down and gap down while closing the May gap up.

May 16 and 17 is small gap up and gap up. Both about 1 point and lower at 406 is all that is open.
412.41 closed the upper one.

Currently all indicators are close to max overbought. This is all on a daily. Even with the massive drop today the longest and strongest VbP market structure zone has not violated its bottom, let alone confirmed. Price did close below the 200period so will be watching to see if that becomes confirmed resistance or support.

https://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=10&dy=0&id=p72763524602